Written by Praza (@prazaimmortal)
Sourced from: https://www.nftlicense.org/
“Art” means any digital creation, art, design, and drawings created by the Creator that may be associated with an NFT to generate a Complete Art.
“Complete Art” means the Art associated with an NFT, i.e. the complete rendered image of the NFT, including the related metadata that can be sold to an Owner.
"NFT" means any block chain-tracked, non-fungible token, such as those conforming to the ERC-721 standard, issued and tradable on a block chain.
“Token’s Creator” or “Creator” means the entity who created the collection, i.e. “Multiverse of Women”.
“Token’s Owner” or “Owner” means the current owner of the NFT and related Complete Art. When minted, the buyer becomes the sole Owner of the Purchased NFT. There can be several different owners of each NFT (and related Complete Art) throughout time but only one Owner at a time.
“Own” means, with respect to an NFT, an NFT that one has purchased or otherwise rightfully acquired from a legitimate source, where proof of such purchase is recorded on the relevant blockchain, thus becoming the Owner of the Purchased NFT (and related Complete Art).
“Purchased NFT” means an NFT that one has purchased and thus owns altogether with the related
Complete Art.
“Third Party IP” means any third party patent rights (including, without limitation, patent applications and disclosures), copyrights, trade secrets, trademarks, know-how or any other intellectual property rights recognized in any country or jurisdiction in the world.
This license is intended to govern the terms and conditions under which the Creator grants the Owner intellectual property rights on the Complete Art to which this license is attached (hereinafter the “License”). This License shall apply to the extent no other written agreement has been concluded between the Creator and the Owner. In case of contradiction between such agreement and the License, the provisions of the agreement shall prevail.
The Creator may revise this License and publish amended versions thereof from time to time. Such new versions will be similar in spirit to the present version but may differ in detail to address new problems or concerns. Each version of the License shall be numbered and the latest version published shall apply. In any case, no amended version of the License shall have the effect to restrict the rights granted to the Owner hereunder.
The Owner acknowledges and agrees that the Creator remains the sole author of the Art. The Creator owns all legal rights, including all intellectual property rights, titles and interests in and to the underlying Art. It is expressly acknowledged and agreed upon that the Art shall at all times remain the sole property of the Creator. In no event shall this License assign, license, or otherwise transfer any rights on the Art to the Owner.
The Creator shall have the rights to, including but not limited to, reproduce, adapt, modify, use, perform, display, publish, distribute, sale and duplicate the Art, in whole or in part, for any purpose whatsoever, including commercial, by any media and means whether now known or hereafter devised. In particular, the Creator shall have the right to revise, edit, manipulate, add to, create and exploit derivative works thereof, use or not use the Art, and to distribute and exploit the Art in any manner and any medium it may choose.
Subject to the Owner continued compliance with the terms of this License and applicable laws, the Creator grants the Owner, for the legal duration of the intellectual property rights, a worldwide, exclusive, transferable, and sub-licensable license on the Complete Art related to the Purchased NFT, under the following terms and conditions.